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EXCEL - IDEA: XBRL DOCUMENT - Fushi Copperweld, Inc.Financial_Report.xls
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v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]        
Revenues $ 72,607,142 $ 74,279,340 $ 212,056,802 $ 219,158,766
Cost of revenues 53,660,052 54,353,890 156,912,140 161,047,950
Gross profit 18,947,090 19,925,450 55,144,662 58,110,816
Operating expense        
Selling expenses 1,836,636 1,127,259 5,267,629 3,519,065
General and administrative expenses 5,855,039 5,061,337 19,454,307 15,035,656
Total operating expenses 7,691,675 6,188,596 24,721,936 18,554,721
Income from operations 11,255,415 13,736,854 30,422,726 39,556,095
Other income (expense):        
Interest income 237,563 222,852 710,972 663,776
Interest expense (70,687) (116,378) (309,183) (340,282)
Foreign currency exchange gain (losses), net 62,449 (757,407) 82,116 (1,677,122)
Total other income (expense) 229,325 (650,933) 483,905 (1,353,628)
Income before income taxes 11,484,740 13,085,921 30,906,631 38,202,467
Income tax expense 3,784,597 4,137,255 10,958,976 11,793,472
Net income 7,700,143 8,948,666 19,947,655 26,408,995
Other comprehensive income:        
Foreign currency translation adjustment, net of nil income taxes 4,237,345 5,322,885 501,680 12,854,266
Comprehensive income $ 11,937,488 $ 14,271,551 $ 20,449,335 $ 39,263,261
Earnings per share:        
Basic and diluted $ 0.2 $ 0.23 $ 0.52 $ 0.69